Workshop to discuss on "Ind AS 115, Revenue from Contracts with Customers, - Implementation Issues" on 31st July, 2015, 09.30 AM 01.00 PM at Silver Oak, Habitat World, at India Habitat Centre Lodhi Road, New Delhi.
July, 31st 2015
Workshop to discuss on `Ind AS 115, Revenue from Contracts
with Customers, - Implementation Issues'
with Mr. Henry Rees, Technical Director, International
Accounting Standards Board
31st July, 2015, 09.30 AM 01.00 PM
"Silver Oak", Habitat World, at India Habitat Centre
Lodhi Road, New Delhi-110003
(Entry from gate number 3 on Vardhman Marg)
The Ministry of Corporate Affairs has notified Indian Accounting Standards (Ind AS)
converged with International Financial Reporting Standards (IFRS) under the Companies
(Indian Accounting Standards) Rules, 2015. This is a significant move which will bring the
financial statements of Indian corporates comparable with their counterparts in other
countries since about 130 countries either permit or have adopted the IFRS issued by the
International Accounting Standards Board (IASB). The Ministry has notified Ind AS 115
(corresponding to IFRS 15) instead of Ind AS 11 and Ind AS 18 since it was decided to
converge early with IFRS 15, Revenue from Contracts with Customers, which will replace
IAS 11 and IAS 18.
With a view to ensure smooth implementation of Ind AS 115, the Accounting Standards
Board is organising a workshop whereat senior officials of the relevant Ministry, Regulators
have been invited to participate. CFO/Director (Finance) level officials of the companies,
who will be involved in preparation of financial statements in the implementation of Ind AS,
i.e., from 1st April, 2016, can participate.
Interested participants are requested to kindly register to attend the seminar by forwarding the
registration form to email@example.com. The registration is on first come first serve basis. No fee for
Click here for registration form.